Thread: Interactive Trading Setups Disscussion

Originally Posted by stock333

Nonfarm payrolls report for Oct. will be released on Nov. 8

as far as I know here in the states no holiday

Originally Posted by abdelaziz46

Hi All,

I have a question and want to know some opinion regarding this for Tp's !

How do you handle to take your tp1 and tp2? Do you fix the SL, Tp1 and Tp2 before the trade and when entered you never modify them? or do you reajust everytime? Let's say you place you tp1 on the 38.2 AD and the price goes a while against you, so do you retrace another fibo and take less profit or do you never change it? It's a fondamental question and I want to have some opinion, the problem with reajusting is that your R:R and sometimes a lot diminushed....

Thanks in advance for your help and your answer...

Best Regards

cannot help much, as I am not good in TPs.
Many people use TP1 and TP2, but not sure how many of them really confirmed that it's better approach from using only one TP level.
regarding price patterns trading, we expect the pattern to be located in some context and I think based on this context we should know where to expect the price to follow.
I am still using one TP level and this is not fixed, depends in majority of the way how price moves. If I see a potential signal in oposite side, I close the trade. If I see the news coming I sometimes close. If I was expecting strong move but price does confirm it, I often close. This means that rarely my originally expected TP is reached, but with R:R 10:1 and more that I trade it's still OK for me.

guess, TP we all do differently and only the best have confidence that they do it in the optimal way. Confidence supported with lots of historical trades and tests.

Originally Posted by kor4x

cannot help much, as I am not good in TPs.
Many people use TP1 and TP2, but not sure how many of them really confirmed that it's better approach from using only one TP level.
regarding price patterns trading, we expect the pattern to be located in some context and I think based on this context we should know where to expect the price to follow.
I am still using one TP level and this is not fixed, depends in majority of the way how price moves. If I see a potential signal in oposite side, I close the trade. If I see the news coming I sometimes close. If I was expecting strong move but price does confirm it, I often close. This means that rarely my originally expected TP is reached, but with R:R 10:1 and more that I trade it's still OK for me.

guess, TP we all do differently and only the best have confidence that they do it in the optimal way. Confidence supported with lots of historical trades and tests.

I set my target price of at least a 2 to 1 risk reward but I always take positions off as it is going in my favor. I will always leave something on for the big move should it come but to me the most important is money management to keep thoses losses small and have target prices vary depending on what time frame u read the charts. the higher the time frame is better for seeing true support and resistance

how do you guys trade EURUSD today?

(in Polish) webinar on Elliott Wave trading on Forex by our Polish expert ->

(in Polish) and here is webinar on Harmonic Trading / Geometry trading

Originally Posted by kor4x

(in Polish) and here is webinar on Harmonic Trading / Geometry trading

no fair

just took short on AJ at 93.24 with stops at 93.32


my stop moved to 93.28

target set for 92.94

add some more short at 93.15 with stop on new position at 93.23